JOURNAL ARTICLE

Croatia Pipeline Firm Seeks New Sales as US Curbs Hit Key Client.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kuzmanovic, Jasmina 3 of 3

Abstract

The article focuses on Croatian state-owned oil pipeline operator Janaf d.d. and its efforts to diversify its business in response to the loss of revenue from its largest customer, Naftna Industrija Srbije (NIS), which is now under U.S. sanctions. Janaf, which previously derived over 30% of its revenue from NIS, is exploring new clients and opportunities in renewable energy, including solar, wind, and geothermal sources. The company plans to double the capacity of its crude and derivatives terminal by 2027 and is currently negotiating a new contract with the Mol Nyrt. energy group. Janaf's management asserts that the company is financially stable and does not require state subsidies for its diversification efforts. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2025
  • Accession Number:188672831
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